It is earnings season, but this one is a bit different than just about any other in recent memory. Why? Well, because the impact of the COVID-19 quarantine has skewed expectations for most firms. The shutdown of economic activity worldwide also has allowed Wall Street basically to look past last quarter and likely results in
You’re locked in, shut in and shut down — welcome to the quarantine club. And in this club, membership requirements basically consist of being an American during the age of COVID-19. So, what are you doing during this quarantine? Are you binge watching Netflix, lying around on the couch eating junk food and drinking more
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“You win some, you lose some. This one we lose.” That’s how a friend and fellow market watcher told me he described the action in markets this week, and it makes sense. As of this writing, the S&P 500 was on pace for a nearly 3% weekly decline, but keep in mind that giveback comes
This week, a friend and fellow market-watcher told me that the price action in the markets is a case of, “You win some, you lose some. This one we lose.” After the action in markets this week, that makes sense. As of this writing, the S&P 500 was on pace for a near 2.5% weekly
It has become a bit of a banality to describe this COVID-19 market as one fraught with volatility, yet that’s precisely what has happened since our last issue. While the market is slightly higher week-to-date, its path has been anything but steady. Last Friday, stocks surged nearly 3%, but that optimism quickly faded on Monday
Happiness in the Age of COVID-19 How does one find happiness in the age of COVID-19? I mean, if you are even the slightest sort of thinking and feeling person, you have no doubt been more than just a little sad these days, given that we’re living during the worst global pandemic in more than
It’s a day that will live in infamy for oil. On Monday, crude oil via the May West Texas Crude (WTI) oil contract traded into negative territory for the first time ever. But what does that mean, and how can the price of oil be negative? The answer is more than a little complicated, but
Find out about our latest recommendations, and all of the most recent market-moving developments, in the new issue of Successful Investing that has just been completed. I invite you to download the issue as soon as you have a chance. As a valued subscriber, we want you to have this information as quickly as possible.
It’s been a tremendously bullish fortnight for stocks. How bullish? Well, consider that over the past two weeks, the S&P 500 has vaulted more than 14%. The situation is similar, albeit slightly less powerful, for the Dow Jones Industrial Average. It’s up 13.56% over the fortnight. Leading the charge higher is the NASDAQ Composite, which
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